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History
- Reported and committed to finance
- Print number 5376a
- Amend and recommit to investigations and government operations
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Grants sales and use tax exemption for transportation of used goods to be recycled, reused or remanufactured
In Assembly Committee · Ways And Means · Sponsor William Colton
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to exempting from sales and compensating use tax, receipts from the provision of transportation of used tangible personal property for the purpose of recycling, reuse or remanufacture
Purpose or general idea of bill
The bill provides that costs for transporting property for recycling, reuse or remanufacturing be exempt from the State sales and use tax.
Summary of specific provisions
The bill adds new subdivision 1115-kk to the Tax Law to provide an exemption from the State sales and use tax for costs of transporting materials for recycling, reuse or remanufacturing.
Justification
The bill establishes an incentive to recycle, reuse or remanufacture materials by removing the NYS sales and use tax from the transport costs for such materials. This modest incentive will keep additional materials, such as electronic equipment, from being thrown into landfills, rather than recycled for reuse and remanufacturing.
Prior legislative history
2013-14:A.1365/Ways and Means 2011-12:A.1173/Ways and Means 2009-10:A.1349/Ways and Means 2007-08:A.3361/Ways and Means 2005-06:A.3391/Ways and Means 2003-04:A.2962/Ways and Means 2002: A.10149/Ways and Means
Fiscal implications for state and local governments
A modest impact is anticipated from the loss of NYS sales and use tax on transportation costs for recycling materials, which is more than offset by the savings from reduction of materials entering landfills.
Effective date
The bill would take effect the first day of the sales quarterly period.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.